Insteel Industries Inc (IIIN)
Operating profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 19,231 | 33,956 | 160,759 | 83,978 | 21,206 |
| Revenue | US$ in thousands | 529,198 | 649,188 | 826,832 | 590,601 | 472,618 |
| Operating profit margin | 3.63% | 5.23% | 19.44% | 14.22% | 4.49% |
September 30, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $19,231K ÷ $529,198K
= 3.63%
The operating profit margin of Insteel Industries Inc has exhibited fluctuations over the past five years. In 2024, the operating profit margin was 3.63%, which represents a decrease from the previous year's margin of 5.23%. The margin in 2024 is significantly lower compared to the margins reported in 2022 and 2021, which were 19.44% and 14.22% respectively. Additionally, the current margin is closer to the operating profit margin reported in 2020, which was 4.49%.
The decreasing trend in the operating profit margin from 2022 to 2024 may suggest potential challenges in controlling operating expenses or maintaining profitability levels. It is important for Insteel Industries Inc to closely monitor and analyze the factors influencing the operating profit margin to identify areas for improvement and implement strategies to enhance profitability in the future.
Peer comparison
Sep 30, 2024